Today's Top 20 Health Finance Articles
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Massachusetts seizes Steward hospital to prevent closure
Gov. Maura Healey has seized control of Dallas-based Steward Health Care's St. Elizabeth's Medical Center in Brighton, Mass., through eminent domain to ensure the hospital remains open and transfers operations to Boston Medical Center. -
5 health system CFOs' tips to boost the bottom line
Improving a health system's margins goes beyond cost-cutting in today's challenging healthcare landscape; it requires mastering the fundamentals and creating alignment throughout the organization. -
Kaiser to lay off 43 employees across multiple California locations
Oakland, Calif.-based Kaiser Permanente will lay off 43 employees across several of its California locations Nov. 22, according to multiple WARN notices obtained by Becker's. -
How patient service revenue is trending at 20 health systems
Here are 20 health systems' net patient service revenues for the three months ended June 30 along with the year-over-year percentage increase: -
Hospitals' tax breaks under the microscope — 11 things to know
Two studies released days apart explore nonprofit hospitals' tax-exempt status; one study focuses on the benefits hospitals receive, the other on the benefits hospitals provide. -
CommonSpirit cuts operating losses in 2024: 8 things to know
Chicago-based CommonSpirit posted a $581 million operating loss (-1.5% margin) in fiscal year 2024, up from an operating loss of $1.3 billion (-3.6% margin) posted in 2023, according to its Sept. 26 financial report. -
WoodBridge's plan to buy 3 CHS hospitals — 8 things to know
WoodBridge Healthcare, a nonprofit organization led by healthcare veteran Joshua Nemzoff, plans to acquire Commonwealth Health, a three-hospital system part of Franklin, Tenn.-based Community Health Systems. -
Maryland reverses course on Kaiser Medicaid contract: 5 things to know
In a reversal, Maryland will contract with Kaiser Permanente as a Medicaid managed care organization in 2025. -
The challenge tormenting revenue cycle departments
Claims denials continue to torment providers, and the challenge is growing, according to a Sept. 24 report from Experian Health. -
Recently acquired New Hampshire hospital delays service cuts after AG steps in
Exeter (N.H.) Hospital, a 100-bed hospital part of Cambridge, Mass.-based Beth Israel Lahey Health, has agreed to delay multiple planned service cuts, according to a Sept. 25 announcement from New Hampshire Attorney General John Formella. -
Moody's lowers Ascension's outlook: 4 things to know
Moody's has lowered St. Louis-based Ascension's outlook to negative from stable. -
Average hospital margins up to 6.7%: 10 financial notes
Hospitals are seeing higher patient volume and revenue increase on the inpatient and outpatient side, according to Strata's Monthly Healthcare Industry Financial Benchmarks report for September. -
How this Montana hospital went from a 2.5% to 10% projected margin
Since Julie Leonard became CFO of Libby, Mont.-based Cabinet Peaks Medical Center in January, the 25-bed critical access hospital has seen skyrocketing financial improvement, rising from a projected 2.5% margin by the end of its fiscal year in March to now being on track for an approximate 10% margin. -
Texas hospital gets more time to repay state
The operator of Nacogdoches (Texas) Memorial Hospital will no longer be required to fully reimburse Texas Health and Human Services more than $7 million in overpayments by the end of the year, The Daily Sentinel reported Sept. 24. -
Pay cuts, layoffs hit the C-suite
Health systems are increasingly trimming executive positions and pay to stabilize their financial footing amid rising operational costs, workforce shortages and inflationary pressures. -
Texas system to close ER less than 1 year after opening
The Faith Community ER in Bowie (Texas), part of Jacksboro, Texas-based Faith Community Health System, will close Oct. 6 nearly one year after opening due to a lack of financial assistance. -
California bans medical debt from credit reports
California Gov. Gavin Newsom has signed a bill that will prohibit medical debt from being included on consumers' credit reports. -
Why an HCA hospital is investing $100M in a 53-bed expansion
A $100 million investment underway at HCA Houston Healthcare North Cypress will facilitate easier expansion projects in the future and support the hospital's broader strategic goals, the hospital's CEO recently told Becker's. -
Maine hospital cuts behavioral health unit amid financial troubles
Fort Kent-based Northern Maine Medical Center will cut its children's behavioral health unit and has applied for a critical access designation to address financial issues, The County reported Sept. 25. -
What does the 'average' health system look like?
While some large health systems continue to expand, the typical U.S. health system remains modest in size.
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